Direxion Daily S&P 500 Bear 3X Shares (SPXS)

[BottomBounce]

Economic uncertainty fuels gold demand as ETFs see fourth month of inflows – World Gold Council. #gold #preciousmetals #silver
$SPXS

[BottomBounce]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172993976 $SPXS

[BottomBounce]

Robert Kiyosaki Recommends Buying Silver Before It’s Gone
https://news.bitcoin.com/robert-kiyosaki-recommends-buying-silver-before-its-gone/ $SPXS

[Bunti]

Nice spike

[Bunti]

https://stocktwits.com/InsiderFinance/message/531482712

[wadirum1]

I've been surprised at how slowly this bear market has unfolded. But I am sticking with my cash position and I think the S&P has a long way further to drop.

[FollowMyNIL]

Seriously, we do opposite what he say, always the wiser.

[jablome]

800 at 18.23

[wadirum1]

If Cramer was so good at forecasting inflation, why didn't he see this coming?

Seriously, the biggest inflation in 4 decades, and he entirely whiffed.

I would look for advice from someone who views inflation as a monetary phenomenon. We opened the firehose of money on the economy, and until something fairly drastic occurs to claw that back there will be no end to inflation.

And, no, in my book starting $30B in QT in June is not drastic. Nor is this tweak up in interest rates. With inflation at 7% or more, short term rates are extraordinarily negative. The Taylor Rule would have them be several points higher.

There are those who say the federal government could not withstand such rate increases given the size of our debt. But what we REALLY cannot have is prolonged periods with long rates up at 6 or 7%. We finance the debt mainly at the 10-year bond, so that's what we need to watch. And only dampening inflation fears can bring that down, especially if the dollar is going to be so high and if the Fed is doing QT (selling bonds).

We have a VERY tough road ahead, and Cramer just does not have the tools to see it.

[BottomBounce]

$SPXS Peak Inflation https://www.cnbc.com/2022/05/05/investing-club-were-not-panicking-cramer-sees-inflation-peaking-looks-for-stock-buys.html

[wadirum1]

Economy so damaged by supply shocks, inflation, and rate increases that the markets go up, because people think the Fed won't dare damage the economy very much further.

Huh?

[wadirum1]

China pandemic so bad that oil prices drop, and this is a good thing for the markets? This is just insanity. When rates go up and P/Es fall, and when The E in P/E drops over no more stimulus and stagflation due to rising prices and China supply chain problems, the markets have a lot further to drop. A lot further.

[wadirum1]

If it starts becoming clear to people that S&P 500 is not going to get back over its 200-day moving average, this sell-off could start to accelerate.

[wadirum1]

Happy days are here again! Well, not here at this bear 3X fund, but everywhere else. Let the bubble grow!!

[Sonic Boom]

In my humble opinion, we are in for a wild ride in the near term. $SPXS and $SPXL will likely be great day trading opportunities.

[wadirum1]

S&P 500 back up over its 200-day MA. I am surprised. And I think we have not seen the bottom.

[mr green239]

Reward outweighs the risk. cover your losses.. Let's see what direction this goes

[wadirum1]

S&P 500 now back down to where it was in July 2021.

Doesn't qualify as a bubble bursting yet, but probably some dead cat bounces next week?

[wadirum1]

Is S&P 500 going to close below its 200-day MA?

Everyone is saying we are not yet at panic/meltdown. The Fed is still buying assets to prop up the market. And I guess there is still some chance that inflation is transitory and all.

But the S&P500 is certainly not the best-looking chart I've ever seen.

[barnyarddog]

Morgan Stanley Warns The Fed's Turbo Taper Will Trigger Market Chaos Over "The Next 3-4 Months"
https://www.zerohedge.com/markets/morgan-stanley-warns-feds-taper-will-trigger-market-chaos-over-next-3-4-months

[barnyarddog]

Futures Drift Lower In Illiquid Session As Virus Fears Resurface

[wadirum1]

All the things you mention are negatives. But in this market my best guess would be S&P ends higher. Ever more margin? What could go wrong with that?

[MR1906]

With (slightly) more hawkish fed + CPI print this Friday + geopolitical risks + the farthest assets out in the risk curve getting polaxed (eg crypto) —> where do y’all see the SNP by end of trading this Friday?

[wadirum1]

And the market is up again -- despite record valuations, impending end to Fed efforts to prop up the market, inflation looming, and now this:

https://twitter.com/DrEricDing/status/1466439322656120832

BREAKING—New domestic-travel only #Omicron case identified in Minnesota of a traveler who visited New York City and attended an anime convention at the Javits Center Nov 19-21, and got symptoms on Nov 22nd. With such timeline, it could be now across US.

Oh, but don't worry, the first cases in South Africa for one doc were mild, except for the ones that required hospitalization.

[barnyarddog]

As we contemplate next week's 'quiet' Thanksgiving week, ahead of tomorrow's options expiration, traders are bracing for the now ubiquitous volatility storm that occurs on the 3rd Friday of the month... and this one will be a doozy!

https://www.zerohedge.com/markets/stocks-bond-yields-plunge-opex-looms

[barnyarddog]

Futures quotes delayed 20 minutes.

[barnyarddog]

Bonds, Stocks, Bitcoin, & Bullion Tumble As Rate-Hike Odds Rise

https://www.zerohedge.com/markets/bonds-stocks-bitcoin-bullion-tumble-rate-hike-odds-rise

[wadirum1]

Bubble. I'm very glad I sold my SPXS shares for a small loss, but the market looks very scary to me.

[barnyarddog]

S&P 500 Sets New Record By Surging 37% During Biden's First Year As President

..no other president has seen such money pumping during their first term...

https://www.zerohedge.com/markets/sp-500-sets-new-record-surging-37-during-bidens-first-year-president

[barnyarddog]

Zillow STOPS Buying. Housing Crash NEXT?

Oct 18, 2021

After 2022 Spring looks to be a buying opportunity.

[wadirum1]

https://www.hussmanfunds.com/comment/mc211015/

[barnyarddog]

Foreclosures are surging now that Covid mortgage bailouts are ending, but they’re still at low levels

Oct 14 2021
Pandemic-related mortgage bailouts are ending, and foreclosures are now rising.

Foreclosure starts jumped 32% in the third quarter of this year from the second quarter and were 67% higher than the third quarter of 2020.

https://www.cnbc.com/2021/10/14/foreclosures-surge-67percent-as-covid-mortgage-bailouts-expire.html

[wadirum1]

And the answer is...the bulls continue to be in charge, interpreting all news as good news and overlooking any concerns.

[wadirum1]

Tomorrow is shaping up to be a pretty important day chart-wise. A strong move up and I suppose it is "happy days are hear again" and the FOMO crowd moves back in with all the cash they have. Then again, if this shows signs of deteriorating further, the next stop down is the 200-day MA. And I don't think it will stop there.

[barnyarddog]

stagflation is begging to bite

Restaurant Recovery Fried As "Business Conditions Worse Now Than Three Months Ago"
https://www.zerohedge.com/markets/restaurant-recovery-fried-business-conditions-worse-now-three-months-ago

... soaring food inflation, labor shortages, and logistical nightmares that have made some restaurant items nearly impossible to obtain.

....95% of restaurant operators say their restaurant experienced supply delays or shortages of key food or beverage items during the past three months.

...Costs are up – 91% of operators are paying more for food; 84% have higher labor costs; 63% are paying higher occupancy costs, but profitability is down – 85% of operators reported smaller margins than before the pandemic.

A separate study by small business networking site Alignable, conducted between Aug. 28 and Sept. 27, found that most restaurants (51%) were unable to cover their September rent.

[barnyarddog]

BUZZWORDS... historic labor shortage, walk outs, shortages.

No Jab, No Job.

[wadirum1]

Thanks. ZH is using an advancers/decliners "Tick Index." Selling is very broad-based: second lowest Tick Index in history.

But this selling is still quite modest compared to, say, the 75%+ correction that Hussman sees being needed to get us back to where we are looking at halfway decent rates of return over the next 10 years. LOL!

[barnyarddog]

09:42AM The US Equity Market Just Suffered Its 2nd Biggest Selling-Wave In History

[wadirum1]

I was just a couple of weeks off with my timing.

Question now is whether the 100-day MA provides support.

[wadirum1]

I do some online property searching in several very specific areas from VA to ME. And it is very clear that the market is shifting. Up until the start of the summer, price changes were all positive. Now prices are coming down.

[barnyarddog]

We're not bankrupt... We just can't pay you

--- Evergrande currently in default

China Evergrande Group, the largest and most indebted, and certainly most insolvent property developer in China, is -$300+ billion in debt

Sonny and Cher: The beat goes on

Many, Many more of this...

[wadirum1]

Country can't decide whether to double down on massive deficit spending. Can't decide about tax increases. Can't decide whether even to continue to support majority voting.

And now the S&P 500 is flirting with support at the 50-day MA, while if you read @hussmanjp we are more overvalued with bleaker forward expected returns than at any time including 1929. And market internals are deteriorating, while we now learn that the Fed presidents were trading in the securities the Fed was buying. Talk about a "Fed put"! And with all this easy money floating around, inflation is proving a bit less transitory than the pollyannas were hoping.

Maybe the market shrugs it all off and continues to soar higher. But I am liking cash. I might generate a bit more of it next week.

[barnyarddog]

Market Deep dive inbound

[wadirum1]

I'm out at a small loss. Convinced this is a bubble, but hard to time when bubbles burst.

[barnyarddog]

People are buying into re inflation trade as the markets see All time highs and as humans flee covid intrusion/mandates they may liquidate to downsize into retirement. Increasing wages expected to draw younger new hires.

[barnyarddog]

Chinese Tech Names Slide On Report Beijing Seeks To Break Up Alipay; Hang Seng Tech Index Tumbles

"Once The Situation Gets Out Of Control"- Chinese State Media Vows Its Military "Will Show Up At US Doorstep" And Will Win

China Is Trying To Control Rising Semi Prices By Fining Auto Chip Manufacturers

Biden to Force Employers of 100+ Employees to Require Vaccinations or Weekly Tests

_____________________________________________________________________-
I am not in this. Just the opposite, SP up If America can reset industrial performance.

The world must be adaptive to changes.

[barnyarddog]

7 Million Plus Lose Unemployment TODAY On Labor Day
That 7 million, the 3 million newly homeless and all the people who will be leaving their high paid jobs because of jab mandates this month. ,....WTH?? Todays Internet chatter,!



Stagflation if we’re lucky – Market Sanity

Market bull Tom Lee predicts a record September, but warns that a 10% correction could come in October

9/06 Doomsday for Evergrande arrives as creditors demand “immediate” payment – ZH

9/06 COVID vaccines have killed ~ 200,000 Americans – Skirsch
September 3rd COVID-19: Vaccination Rate has Increased, Over 1,500 Deaths Reported Today

US home prices rising at fastest rate in last 30 years – Your Basin
Toronto housing prices climb as supply hits decade low – CTV

9/06 Oil falls after deep Saudi price cuts spur demand concerns – Reuters


UPDATE 3-El Salvador holds 400 bitcoin, price jumps

[barnyarddog]

9/03 The goal of covidism is communism – Burning Platform

8/29 1 in 4 covid patients hospitalized while vitamin D deficient die – Times of Israel

8/29 ‘Ivermectin. ivermectin. ivermectin.’ – Citizen Free Press

Entering Stagflationary Hell: BofA Warns Only The Biggest Ever Bubble Is Delaying A Catastrophic Recession.

8/31 Fed’s Mester says recent inflation surge isn’t enough – Reuters

9/02 Here’s why experts believe the U.S. is in a housing boom, not a bubble – CNBC

9/03 GM, Ford halt some production as chip shortage worsens – AP

9/03 6 in 10 say US has ‘seriously gone off on the wrong track’: poll – The Hill

[barnyarddog]

CHINA..Sep 03, 2021 potential to upend debt markets and possibly precipitate a financial crisis,” The Wall Street Journal

with $58.8 billion worth of assets.

distressed asset manager is preparing to offload assets that involve "more than 7,000 borrowers",

Huarong is going to be offloading the assets via a largest-of-its-kind online debt sale.

https://www.zerohedge.com/markets/huarong-deleveraging-selling-588-billion-bad-assets-online-debt-sale?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

[wadirum1]

Not to mention the absurdly overvalued shock risk.

Thanks.